Fujian Longxi Bearing(Group) Corp.,(600592.SH) received a correction order from the Fujian Securities Regulatory Bureau.

Fujian Longxi Bearing (Group) Corp., (600592.SH) announced that on December 19, 2025, it received a decision from the Fujian Regulatory Bureau of the China Securities Regulatory Commission (referred to as the "Fujian Securities Regulatory Bureau") on the "Decision on Taking Corrective Measures against Fujian Longxi Bearing (Group) Co., Ltd." (No.202595). The company and its subsidiaries improperly recognized part of the operating revenue from steel trading business, resulting in inaccurate disclosure of annual report information and non-compliance with relevant provisions of "Accounting Standards for Business Enterprises No. 14 - Revenue (Revised in 2017)" Article 34, in violation of the provisions of Article 3, paragraph 1 of the "Administrative Measures for the Disclosure of Information by Listed Companies" (CSRC Order No. 182, hereinafter referred to as the "Disclosure Measures"). In accordance with the relevant provisions of Article 52 of the Disclosure Measures, the Fujian Securities Regulatory Bureau has decided to take administrative regulatory measures to require the company to make corrections and record it in the integrity database of the securities and futures market; at the same time, the company is required to take effective measures to make corrections, strengthen the study of securities laws and regulations, improve the financial accounting level and operational awareness of the company, prevent such violations from happening again, and submit a written rectification report to the Fujian Securities Regulatory Bureau within 30 days of receiving this decision.